HomeMy WebLinkAboutCity Council Resolution 1990-403CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
City Council of the City of Plymouth, Minnesota, was held on the 2nd day of
July 1990 The following members were present: Mayor Bergman
Counci mem ers He iwell Ricker Vasiliou and Zitur
The following members were absent:- None
Councilmember Zitur introduced the following Resolution and
moved its a option:
RESOLUTION 90-403
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR SCHUETT INVESTMENT
COMPANY FOR "COACHMAN TRAILS" (85022)
WHEREAS, a Site Plan for Schuett Investment Company was approved under City
Council Resolution 85-398; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a cash deposit in the amount of $196,500; and,
WHEREAS, Resolution 88-13 reduced the cash deposit to $102,250; and,
WHEREAS, Resolution 88-794 reduced the cash deposit to $63,750; and,
WHEREAS, Resolution 89-146 reduced the cash deposit to $40,000; and,
WHEREAS, upon notice from the developer, City staff has inspected said site
and recommends release of the financial guarantee;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that it should and hereby does authorize the release of
the cash deposit in the amount of $40,000, which was submitted to guarantee
site improvements for Schuett Investment Company for "Coachman Trails".
The motion for adoption of the foregoing Resolution was duly seconded
by Councilmember Helliwell , and upon vote being taken thereon,
the following voted in favor thereof: Mayor Bergman, Councilmembers
Helliwell Ricker, Vasiliou, and Zitur
Th-foT oT wing voted against or abstained None _
Whereupon the Resolution was declared duly passed and adopted.